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Tim Seymour Talks Investing In Turkey

Thursday, 1 Mar 2012 | 6:13 PM ET

For a play in emerging markets, trader Tim Seymour on Thursday suggested looking at Turkey.

Bullish Case for Turkey & Brazil
Is it time to look outside the U.S. for growth opportunities? The Fast Money traders with a look at investing in Turkey and Brazil.

“Forgetting the fact that Turkey, I think, is one of the most important geopolitical countries because it sits on the path between Europe and the Middle East and is one of the few places that the Western — dare we call them — allies can feel comfortable, it’s affected by the European contagion,” he said on “Fast Money.” “What you have to know is that the industrial production story in Turkey is alive and well.”

Seymour, founder of EmergingMoney.com, recently returned from an investment-finding trip abroad.

One way to gain exposure to Turkish banks, automaker Fiat and other industrial sectors is the iShares MSCI Turkey Index Fund.

“There’s a number of fantastic dividend plays in Turkey,” he said. “If you can buy local markets, you’re getting 8 to 12 percent div yields.”

One potential headwind was the high price of oil, Seymour said, because Turkey has “almost zero” domestic energy production.

“Take a look at the valuations here, but again, you’re going to see this market suffer under the weight of higher oil,” he said.

Brian Kelly of Shelter Harbor Capital said he, too, was looking outside the United States and bought the iShares MSCI Brazil Index Fund.

“I was looking for areas where, one, you have GDP growth,” he said. “Two, you have a central bank that is still very stimulative, and we saw today that the Brazilian central bank came in to stem the rise of the real. They’re even talking about perhaps cutting interest rates, even though you may have inflation. They’re choosing growth over inflation.”

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Trader disclosure: On March 1, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Adami is long ( C); Adami is long (GS); Adami is long (INTC); Adami is long (AGU); Adami is long (MSFT); Adami is long (NUE); Adami is long (BTU); Kelly is long (XLF); Kelly is long (KRE); Kelly is long (SPY) Puts; Kelly is short Japanese yen

For Jeff Weiss
No disclosures

For Jeff Klinefelter
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: AEO, ANF, ARO, BODY, CROX, CTRN, DECK, GCO, GES, GIII, GMAN, GPS, HOTT, KORS, KSS, PSUN, ROST, RUE, SKUL, TGT, WTSLA, ZUMZ

Piper Jaffray or its affiliates beneficially own 1% or more of any class of common equities of the following companies: JCP

For Jim Iuorio
Iuorio is long (SPY) calls

For Jing Ulrich
No disclosures

For Rich Greenfield
No disclosures

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ISH MSCI TURK
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